💵How to Make $$$ on Steemit & Spend it IRL ~Tutorial💵steemCreated with Sketch.

in #steemit7 years ago

There are four ways, that I know of, to get Steem


  1. Earn it - Titties and beer can speed the process, but mostly its a lot of hard work, luck (posting somebody else's video with 4 sentences of your own and making $20+ = WINNING), and some frustration (spending all day on a post, like this one, and making 14 cents from your own upvote). More on that later

  2. Buy it - This can be done with SBD on the internal market or with bitcoin, ether, etc. on external markets like Bittrex

  3. Mine it - Right, and if you're reading this then you will never understand this method. Science, math, blah blah, link here, link there... moving on

  4. Steal it - You suck for not skipping this part


Now Let's Spend It

Prerequisites: An exchange account that has a market for Steem (I use Bittrex) & a bitcoin debit card (Shift tied to Coinbase wallet or Bitpay in the US)

  • Got my Steem wallet address on Bittrex by clicking the ➕ next to Steem (click on wallets above, then search steem, uncheck hide zero balances)

    Feel free to use my wallet address and send large amounts of Steem. See #4 above.
  • Go to your Steemit wallet and click transfer
  • Add your Bittrex wallet (or mine😈) to the memo field
  • 11:29 - 11:48 I transferred 1 Steem to Bittrex, I had a smoke but feel free to go look at titties or drink a beer. Unless you did a test transfer, which you should, I strongly urge you to walk away, waiting for transfers to happen on the blockchain is nerve-wracking.


  • Trade Steem for BTC (bitcoin), clicking on the Steem link from your wallet takes you to the Steem-BTC market
    Bid (what a buyer wants to pay in BTC), Ask (what a seller wants for his/her Steem), Last (just fucking choose last already, it's one Steem and this isn't a day trading tutorial)
  • 12:04 - 12:07 Sent the bitcoin to my Coinbase wallet, again feel free to use any of my wallets. Had to send more to meet the minimums

  • Used my Shift card at Amazon
  • 12:42 Bought some stuff that my goats will foul with their shitty feet

  • Total Time? 22 Minutes


Earning Steem

I think the best strategy is to build up your SP early and while the platform is young and the price is low.

  1. Buy Steem (internal or external) and powerup
  2. Set all or most of your articles to full power

When you reach the level of followers and reputation you want then start powering down and set your posts to 50/50. At that point it won't matter what your vote does and the SP and SBD should be rolling in because you have found your way.

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Great info and humor. Thanks for the tutorial.

I appreciate that

Well thanks for the information I am new and it is a headache learning all of this but I will follow this see if it works.

The screenshots are me taking Steem straight though to Amazon.com today

I bought my first Steem the other day and it's not a fun process. Haha so complicated, it seems. Wish there was a way to do it directly through the internal market. Haha husband walked me thru it though.

I have been seeing a few articles saying that it's "more profitable" not to have 100% of the earnings go to SP but rather do the 50/50 because you get more from it. Have you read those? And what do you think?

No but that makes sense! I would transfer the SBD to Steem and power up

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Good post, I want to buy in so bad I can taste it, But circumstances have me in a lean period. Much time on my hands though, so typing my little arse off trying to earn some power.
And having a great time doing it. Meeting great people from around the world in the process.
You are now my newest following.
read you soon :-)
Cheers

Can't believe I missed this @codypanama, yeah I wish I had more time and I enjoy it. Living the dream in Panama I'm so jealous. followed back!

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